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. [ screaming ] oh grover! electric deficit boogaloo. 29 minutes after the hour. right back on "the stephanie miller show." >> wow! i've never seen anything like this. >> when disaster strikes sometimes the only way out is to look within. current tv digs deep into the determination and escape. "trapped" experience the drama. back to back to back. >> hold on mates! >> catch the "trapped" mini-marathon saturday starting at 1 eastern. on current tv. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. get irresistibly clean and fresh carpets in your home with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean. resolve clean. [ singing christmas carols in background ] aunt sally's singing again. it's a tradition honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ f
. tea party 2, the sequel. [ screaming ] oh grover! electric deficit boogaloo. 29 minutes after the hour. right back on "the stephanie miller show." alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. salads, sandwiches, and more. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth
it in building a good, solid farm bill which actually found $23 billion in savings towards the deficit. we did it in passing a strong highway bill that will strengthen our nation's infrastructure. and we did it most recently this week in working through a large and complex defense authorization bill that will keep our nation safer and more secure in these perilous times. it will take more of this kind of cooperation and consensus building to address the very real and substantial challenges facing our nation today. that is why i'm deeply concerned about a proposal floated recently by some members of the majority regarding the rules of the senate. they propose to change the nearly 100-year-old senate rule that requires a two-thirds majority to change the operating rules of the senate. our colleagues in the majority are proposing to use a simple majority vote to make the change. that's the issue here. the issue is the manner in which they plan to do it. once the precedent of changing a rule with a simple majority vote is established, 51 senators could change the rules to suit their own convenienc
with the president and other ceo's to discuss the impending crisis. we even published their own study on the deficit, copies of which are available here today. we look forward to continuing this conversation, keeping the dialogue on going for the next month is critical if we're going to solve this problem -- and we think our panel will be very enlightening in terms of what the issues are. so, al, with that i will turn it over to you and the panel. we look forward to reproductive hour. thank you very much. >> can everybody hear? i welcome you all to bgov -- if you do not know as much about it as you want, i invite you to stay, because it really is a fabulous place. we do have an all-star panel. i will start with my left, which is where bob corker says i always start. tim pawlenty, former governor of minnesota. i wrote that i thought that if he could get the nomination he would have been the strongest republican presidential candidate. i was absolutely right -- we just could not figure out how to get there from here. tim is now the head of the financial services round table, a job he took just about a
intervention to curb the deficit. it has been astronomical. then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies that are developing, and he is saying have those small companies hire more people and get them involved, but come consumer expenditures. that is partially i think a solution. host: you are calling on the republican line and you think hillary clinton would make a good candidate. would you vote for her in 2016? caller: i think she would be a very vital aspect to the political process. as far as her running for president, 2016 -- god knows what may happen from this point to that point. as far as her role as a democrat, i think by working along with
the deficit we have. the truth is, if you want to balance the budget, which i do, you have to have increased revenues and you have significant spending cuts. and you have said many times on this program that raising taxes on rich people is not enough to deal with the deficit. you are right. the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative
it runs up the debt and deficit. >> the best thing for my children's future. i have two boys. one 10 years and one ten months and i'm worried about climate change and their future. we need to stop encouraging the industries that are causing this problem. the oil industry, gas and coal industries. and we need to start encouraging clean energy if we will solve it. the very first place to start is to stop giving these subsidies. it is a no-brainer. the vast majority of americans of all parties actually support this perspective. melissa: without affordable energy we have no economy and that is for sure bad for my children. we have no jobs. we have no industry. >> why is the fastest growing new source of energy in this country wind energy or distributed solar. melissa: because it is completely supported by the government and by my tax dollars. >> not even close to as much as --. melissa: absolutely no money to spend on these things you know what -- >> actually big oil, gas and coal are actually much more heavily subsidized. melissa: you and disagree what is subsidy is. that is fine for debate f
in washington negotiate a bad deal on the bucket and deficit, what do you think will happen to medicare and medicaid benefits. >> it stars two senator and two republican reps. cnn reports the labor unions are spending more than a half of million dollars on this round of spots. we're back with more steph after the break. stay with us. ♪ going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [♪ theme music ♪] >> stephanie: okay. and as we mentioned, unemployment numbers. hello! [ ♪ patriotic music ♪ ] >> stephanie: the lowest in four years. >> wow! >> stephanie: it has dropped to 7.7%. >> you're welcome america, i did that. >> no, you didn't. >> stephanie: right. [ applause
year of the recovery. the deficit has improved by about 3.5% in the first 3 1/2 years of the recovery. so a little more modest fiscal tightening hasn't stopped the recovery and probably won't next year. i agree it is a negative but you have to weigh it in the drop in unemployment, the revival in china, the four-year high in confidence, the rise in home prices and housing activity. a lot of other positives will help keep consumers, businesses and other things strong even in the face of modest tightening. >> which sectors are at risk? even if there is an agreement. you say there are certain sectors at risk even with an agreement. >> the areas at risk are more the risk-on strategies, the aggressive strategies. for instance technology could come under pressure. some of the areas which have been hit more recently such as high dividend stocks, dividend utilities are likely to benefit. i don't think the taxes will increase much on them after all. you have some areas which will get affected. i would say don't be aggressive. don't look for economic growth to pick up. be on the defensive side a
to meet his target of eradicating the federal deficit by 2015 as well as securing a fall to gdp ratio. also expected further pressure with a cut to its growth forecast. steve is braving rather inclement british winter weather outside the houses of parliament. >> lovely. >> i know you like it. how much is it going to be raining on george osbourne's parade? >> it's going to rain on his parade. you just nailed it, ross. three things which are going to come up today, which he has very little control over. one is that obr reckoning on the uk economy. thought only back in march it was going to grow -- pain a negative growth for the year. next year they thought it was going to be 2% growth. it's probably only going to be 1%. in terms of those two targets you mentioned, eradicating the structural deficit in a five-year period, that's going to have another couple of years. >> right. now, there we go. you can see jim there in egypt. i wonder whether we should just go as we've decided to cut to him or maybe we can bring steve back. right. we'll try and reestablish steve. we will be going to jim
the l.a. times. fiscal cliff let's take the plunge in the l.a. times. he said the u.s. deficit and debt will fall, social security will go on unharmed and we'll go back to tax rates that were better than the current ones. what do you think? >> i certainly don't want something that will put us into a recession. that's more republican thinking. but i think ultimately pugh has a pole saying 53% of the american people will blame republicans, to which i can only imagine republicans saying, oh we're finally ahead in a poll. boner is like a slug there is a bright orange trail of cheat toe dust and bronzer leading from his office. >> stephanie: okay. here you go. >> so many people are going to part-time work and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everyt
that if we go over the cliff the deficit goes up. >> and the debt goes up. >> and the debt goes up. >> wrong. >> like our relationship people don't get it. >> deficit almost goes away. difference is about $8 trillion. >> about 10.5. >> join us tomorrow. right now it's time for "squawk on the street." >>> good wednesday morning. welcome to "squawk on the street." live at the nyse. what a morning shaping up here. a little data to look at. m&a. the president speaks to the business roundtable in a couple of hours. futures with modest gains. europe holding onto gains and china up nearly 3% over night as shanghai catches a break. our road map begins with a $20 billion deal. freeport mcmoran getting into the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in
's on a deficit crusade. david walker, taxes ranger, next. toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, pos
not an issue here. social security didn't contribute to the deficits and debt. i don't think there will be any appetite whatsoever for touching social security. but those points i think democrats are quite unified on. the area where i think there is room for negotiation and compromise is, the rates are going to go up. i think we all recognize that. will the rates go up completely? are there other ways where they can come up somewhat short of that but make up the revenues by reducing deductions from higher income families? >> so the deal that we're talking about is halfway between the current rate and the former rate? >> well, i wouldn't say halfway. but i would say, as long as you can get to the revenues, if you can increase the rates and reduce the deductions for upper income households, you can get to the same dollar number and i think there's a willingness to entertain that. it does tend to complicate the tax code. the simplest way is simply to raise the tax rates up to the clinton levels and, you know, we do have a strong interest in simplifying the tax code. but if that's politically for
's debt ceiling is clear. >> this is not about getting a handle on deficits or debt for him. it's about spending even more than he has. >> white house aids reject the republican claims that holding the debt limit over the president's head is the only mechanism to get him to trim spending. >> you're just going to keep at the debt limit goes higher, you spend more money. you and congress, both. >> that's false. president signed into law a trillion dollars in discretionary cuts. the president has a specific proposal to achieve $600 billion in savings from entitlement programs like health care entitlement programs. >> jay compared republican pressure on the debt ceiling to a hostage taking. >> a profoundly bad idea that i think could not be more frightening for american businesses, and american workers. >> treasury secretary tim geithner may have frightened people yesterday saying the white house is prepared to go off the fiscal cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frightened republicans that the debate is not just about rais
balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare p
leaders. governors are concerned about the impact of deficit reduction measures on their state budgebu. the latest gop offer would overhaul the tax code, raise $800 billion in new revenue but seek $600 billion in health savings, net savings add up to about $2.2 trillion over ten years. boehner called the white house's original offer la la land and it does appear that even though at one point bowles endorsed a blueprint like this, he's trying to distance himself from it right now. >> the president got re-elected. he's claiming he got re-elected in part because he wants to tax that 2%. he cannot go back on that. in the meantime, congress most of the republicans signed the grover norquist pledge which says you cannot tax that 2% more than anybody else. you can't increase the taxes. so we're at a stalemate and someone has to give and i don't see anyone giving right now. >> bank of america today commented on the let's jump crowd. the bungee jump crowd for which they think is a scenario. >> you wonder how much of that is in negotiating position. embraced early on by senator schumer, new york
. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both sides agree that you need to do both. just a question of how much. >> we need to do both to do a deal. i don't think both sides dwre that it's
. we need to get serious about our deficit and debt that are burying our children's future. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. martha: we have brand-new details on the deadly bus crash that happened in florida. police say the bus driver was confused and lost when he chose the wrong route coming out of miami airport. the top of the bus crumpled after the crash and killed two passengers. it had 32 jehovah's church members on board, they were heading to a conference. bill: if you wash watching "fox news sunday" john boehner described his reaction when the president presented its plan for the fiscal cliff. > >> i said you can't be serious. we have 7 weeks went election and the end of the year and three those weeks have been wasted. bill: flabbergasted, rich. wasting time. three weeks
where you get a down payment in 2013 which brings the deficit to gdp ratio down from 7% down to 6%. if we could do that along with some long-term agreement we'll get another trillion out of entitlements or a trillion from taxes or somewhere else but a range of what we'll do in 2013 where we'll get the money for the rest of the sort of fiscal issues over the next few years but some down payment. we get the down payment and it's a reasonable downappointment not one that will crush the economy, i think the market could react very well to that. >> what's your opinion on what's going on in the economy ex-sandy? you were saying a better jobs number would show the economy is resilient. do you think it is resilient, if it doing, if you can take out the effects of the hurricane, better than people think? >> i think it's got so much potential. i see all the hesitancy here. but pent-up demand is forcing the housing market higher. pent-up demand is forcing the vehicle market higher. consumer finances are very much improved. people have locked in the 30-year, fixed-rate mortgages at a wonderfu
is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, depending on where you stand, the idea that we just get rid
to solve the deficit problem. so, he knows eventually taxes are going to have to hit the middle class. a number of ways to do that, one is a vat tax, a carbon tax on energy and another is raising income rates on everyone, and if he can blame that on republicans, this might be the way to get na started. >> i'm going to have to disagree on the politics of what james says, dan. i think the president can't let that alternative minimum tax hit because the pressure from his own party and from senators up for reelection in 2014, the democrats, would be enormous. >> i kind of agree, james, i think that would be an achilles heel for the democrats, the third rail as we say, they don't want to go, i agree with you, paul, that the game here is to hang this on the republicans, and then pitch that forward, i've said this before, to those mid term elections. they want to bring the republicans down in the house and i think that's the strategy behind what's going on here. the idea that you're going to do all of these tax changes in two weeks before the end of the year? tax policy has never been writte
with respect to our deficit and debt is a national security liability. we need our senior leadership. we need a senior leadership to take it on. we have an opportunity to do so. we have a requirement to do so. at the foundation of national power is ultimately economic comment and in terms of global influence, in terms of the ability to support a military, the economic is foundation. and we have i think the united states, both an opportunity to require it to get our house in order, and i believe that our 100 senators and members of the house will step up on this and sufficient majority in the coming months. >> how do you look at your surplus of the u.s.? does that say we have america under our control? >> we are one of the closest allies of the united states. so of course our position today to united states is very, very decisive, strengthen our relationship. so these are not, there is no intention for us to try to use this kind of economic relationship in different context. so we are very satisfied with the current relationship with the united states. that's all spent let me open up to the fl
a credible plan in reducing the deficit but avoiding actually falling off a cliff at the end of the year. it's very possible that they don't reach an agreement between now and january 1st. however, when january 15th hits and most americans receive their first paycheck and they notice it's actually lower, i think hell is going to break loose. as a result of that, they'll come back to the table and reach an agreement. >> i think don't panic is good advice, but i don't see what the problem is with taking a little cash off the table here and putting it on the side and waiting to see if we do get a major adverse market reaction to them putting that cash to work once we get a resolution. >> this is what makes a market. thank you for your divergent thoughts on the market today. see you later. thanks. >>> when we come back, we have the closing countdown already for this tuesday. >> then, we're watching netflix. the stock surging today on a deal with disney. is the stock move justified? we'll check it out. more on that straight ahead. stay with us. people save a lot . but today...( sfx: loud noise of
rates, total money that that comes in is just a small drop in the bucket so the size of the deficit from last year alone. it's less than 10% of what we're overspending. we now have 16 trillion in debt on the backs of our children and grand children. that is the biggest threat to our national security and nation's future. >> quickly, some republicans have whispered privately, some not privately, they believe president obama, the white house, congressional democrats, want to go over the fiscal cliff because they believe that it is more politically advantageous for them to do so. is that a sentiment you agree with or not? >> i believe that the president and the democrats see a political victory at the bottom of the fiscal cliff. i see financial problems for our country at the bottom of the fiscal cliff with unemployment over 9%, and another recession. i think -- i want to find a solution working with people on both sides of the aisle but when you have howard dean, the former chairman of the democratic national committee, you have patty murray, who ran the democratic senatorial committee enc
're going to take a look at the real issues impacting our debt and deficit coming up next. >>> and as bad as john boehner made it sound, how come the markets seem to be trading like we are going to have a deal? what does wall street know that we don't? tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> there's that word, absolute. is it an absolute fiasco? time for our daily visit
we asked last time about when they had a debt -- big deficit debate. we find first, 17% back in november thought congress and the administration could come to a deal. now 44% say it is unlikely. current results -- 48%. put those two blue columns together. 48% to 44% is that a solution is likely. let's come over on this side and look at who believes that it is likely. when you break it down by party you get some interesting results. right here republicans, 52% say it is unlikely to 42%, i independents, 47%-43%. democrats are driving this number. when we look at the 48% on this side think it's likely, that's driven very much on the other side by the 60% of democrats. now what do people want? when we go to the wall for that, some interesting results here. what this is, this is net percent acceptable. if 50% think the idea's acceptable, 30% think it is unacceptable. that gives you a net 20%. what we find here is that raising taxes for those who make incomes of greater than $250,000, that's the most acceptable. why? the blue, net acceptable for democrats, pluts green acceptable fo
republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck speaking to many more ceos than grover norquist is. he thinks it's silly. he thinks ceos are silly. i
was on this morning, whom i have great respect for, he had the piece from the imf study when you cut the deficit by 1%, what is the impact on the gdp. they didn't get into that this morning but if his numbers he's using 0.9 to 1.4, if you lose 2% to 3% of gdp you'll go to negative growth which will impact -- >> at the very least the wheels will be on the runway. >> absolutely. >> let's switch gears, mario draghi today, listen, i was so wrong and i don't know how long it will last but i give him credit, at least for this period of time, how long it lasts because there is no growth and recession in europe i can't answer but what were your observations on that press conference? >> last night when i wrote about it, mario draghi can put his feet up and have a stella and enjoy. he bought himself time. july 6th will be mario draghi's day of celebration because he stemmed the financial crisis in europe and bought time. berlusconi comes onto the scene this morning with the politics and italian debt markets paid a price for it, it's coming back as we're talking, rallied back quite a bit in the ten-year bond fu
rates for the wealthiest 2% of americans. coburn is known for his hard line on the deficit. he says he would rather bring down the debt by raising tax rates than just closing the loopholes and capping deducti s deductions. here's how he explained it. >> personally, i know we have to raise revenue. i don't really care which way we do it. actually, i would rather see the rates go up than do it the other way because it gives us greater chance to broaden the by as in the future and reform the tax code. >> two republican senators from maine are joining coburn in backing a tax hike on the wealthiest americans, but senator susan collins and olympia snowe say they would like to include some protect as well for small business owners. well, no debt talks scheduled between republicans and the white house, but the president is pushing ahead with the fiscal cliff pr campaign. he is meeting with a middle class family in northern virginia, and the white house says the president is going to talk about his efforts to extend tax cuts for the middle class as part of this debt deal. well, some economists
an agreement that avoids deficit cliff we're hanging on. >> thank you. from the va. >> [inaudible] >> so one of the big problems with these long number of disability claims is the medical records issue, and secretary discussed a long term fix, improve the medical records, and secretary panetta described, and something that helps people still in the service by having better physicals so that when they leave the service, there's a better record of what their actual problems are, but what do you do for people in the middle,s hundreds of thousands of people who have pending claims now postponed because of the fact that the medical records either don't exist or are too complicated to come by so you can't prove or disprove there's a date. is there hope for them in what the two of you are working on? >> yeah, i think our production demonstrates we are working cases where the records are not immediately available. we go through erroneous effort so there's a fully developed claim and request make judgments. we're doing that at a rate of a million claims a year, but the challenge for us is we get a mi
in this country comes together in france in agreement that avoids this deficit clips that were hanging on. >> from the va -- [inaudible] >> one of the big problems of disability claims that the medical records issue. [inaudible] to improve the medical records. secretary panetta, something that helps to have a better physicalism maybe this service will have a better record of what their problems are. what you do for the people to know, hundreds of thousands of people appending claims no and are being postponed because of the fact that medical records either to history too complicated to come by and prove whether they have a disability. >> i think production demonstrates we are working these cases aren't immediately available to develop them so we have a fully developed claim and can make judgments. we do that better reader than that a million claims a year big challenge for us is to get a million plus and returned coming in the door. that's where the automation system called veterans benefits management system is key to our ability to do with those numbers. we push a million claims that the door an
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